Question
Firm A and Firm B have debt-total asset ratios of 41% and 31% and returns on total assets of 8% and 13%, respectively. What is
| Firm A and Firm B have debt-total asset ratios of 41% and 31% and returns on total assets of 8% and 13%, respectively. |
| What is the return on equity for Firm A and Firm B?(Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
